Compulsory liquidation

A compulsory liquidation is the result of a winding up petition being issued at court against the business, usually where the business is unable to repay its debt. If the petition is issued your company could be in serious difficulty and you must seek professional advice immediately, speak to a member of our insolvency team on 0203 816 9303.

loading staff

Compulsory liquidation solicitors

The consequences of a winding up petition being and advertised are your business being unable to trade, as it is common for banks to freeze bank accounts and suppliers to restrict credit terms or demand early repayment of outstanding debts. If the winding up petition is successful an insolvency practitioner is appointed as liquidator and trading should immediately cease. The liquidator assumes full responsibility of the business and any assets which can be sold to raise funds and pay off your creditors. 

Our corporate insolvency lawyers are highly skilled in advising businesses experiencing financial pressure and it is never too late to seek help. Our team can identify a range of recovery solutions reducing the risk of insolvency and preventing creditors taking legal action against your business, call us on 0203 816 9303 or complete an online enquiry form and we will contact you directly. 

8.4 out of 10
Trustpilot logo4-stars on trustpilot Based on count 302

We're Great

It is our business to deliver legal services that work for our clients, and you can trust our specialists to take care of things on your behalf.

Our Trustpilot reviews

They are very helpful in the matter at hand. They specialise in the problem you have, they listen to everything you have to say and are very professional.
View from an insolvency law client

Is your business owed money?

Cashflow is at the centre of any successful business. Invoicing early and chasing payment should help keep cashflow moving however sometimes your polite reminders just aren’t enough and the money you are owed isn’t forthcoming. Unpaid debts...

Read more

Twitter commercial

Stephensons appoints new Head of Regulatory Law

Specialist regulatory solicitor and Partner, Carl Johnson , has been appointed as Head of Regulatory Law at the national law firm Stephensons. Carl joined Stephensons in 2010 and became a Partner at the firm in 2015. He specialises in professional...

Read more

Commercial reorder

  • Jonathan Chadwick
  • Louise Hebborn
  • David Baybut
  • Kate Bullen
  • Chris Graves
  • Alistair Gregory
  • Philip Richardson
  • Julie Ball
  • Francesca James
  • Martha McKinley
  • Jessica Culshaw
  • Paul Davies
  • Matthew Halton
  • Julie Hunter
  • Adam Pennington​
  • ​Jonathon Waterhouse
  • Andrew Whitehead
  • Mark Williams
  • ​Karen Baron
  • Neil Marshall
  • Declan Gilroy
  • ​Kerrie Ainscough

We're always here for you

As an award-winning top 150 law firm, with over 450 staff based in offices across the country, you're never far from the advice you need.

Find your nearest Stephensons office and arrange a meeting

As an award-winning top 150 law firm, with over 450 staff based in offices across the country, you're never far from the advice you need.